- refused higher allotment of shares when TH Plantations was to be listed by recommending (which the board duly approved) that the directors & all eligible senior staff get only 1,000 units
- paid for own expenses when making private trips for umrah

54 comments:

Bakkee is a no-nonsense guy, has a reputation as a trouble shooter (for a good reason). But Bakkee's big mistake was to recommend Ismee as the CEO of Tabung Haji after he left for Felda. It is not a secret in the market that Ismee is nothing but a PIRATE. Since taking over Tabung Haji's CEO position, Ismee has been accumulating his personal wealth at the expense of Tabung Haji's depositors. How can a CEO in Tabung Haji afford a brand new Mercedes S300 (plat no XXX19)? Dont also forget about Ismee's right hand man, Adi Azuan. Whatever that Tabung Haji purchased or renovated, the same will apply to his house in Shah Alam. His room has 2 flat screen TVs, together with a very expensive decor. Check out his RM10k office table. I wonder how Ismee can approved for such lavish expenditure. Now that pretty explain why Tabung Haji has not been able to pay higher dividends.So Bakkee, if you are reading this comment, please tell your Ismee and his Adi to quit Tabung Haji and migrate to Singapore.

Haji Bakke is a good fit for Sime Darby, an experienced planter, property man and an accountant. He is a god fearing man and will hopefully lead or show the door to the beer drinking, womanising Hisham, Azhar, "anti- Bumi" Franki and gang.Only problem is the skirt chasing Chairman masih take sedar diri and refuse to honorably step aside.For the sake of PNB, hopefully Haji Bakke can clean up Sime Darby.

I'm glad Azhar did not get the job. He is a mere arse licker. At 56, Bakke is the oldest of the major GLC bosses. A pensionable age. To say, Bakke is highly soughted in not very true. Being from the Bakry Group, myself, I know of Bakke. He is a cost cutter, and good at it, but I doubt private enterprise will break the bank to bring him abroad. Bakke's appointment, could point to two things. One, Malaysia lacks talent, or two he is at Sime Darby today, coz of his uni mate, Rosmah Mansor.

This is typical in Malaysia whereby people just "parachute in" to become the CEO. It may be demoralising for Dato' Azhar, but I guess he has to accept the facts that "political appointments" is a norm. Our fervent hope he continues to lead his team to achieve the target set.

The practice where young guns with ivy league degrees but no relevant experience becoming head of major GLCs should stop already.

The appointment of Bakke Salleh at 56 with relevant local and global experience behind him is a step in the right direction. The other one would be Musa Hitam to resign as Chairman of the Board without waiting for Sime Darby investigations to be completed.

Lets make it nationwide private and public sector...change the Labour Law making it mandatory requirement for people especially professionals and managers and lecturers in the Engineering, Technical,Financial Education sector to be retired at 62, making us almost at par with other developed countries.

Professionals and managers should not retire at 55 when they are at the prime of their life in knowledge and maturity.

Some of your readers are probably right. Dato' Bakke Salleh is God fearing. But then again, his progression in career since 2001 has been on Tan Sri Nor Mohamed Yakcop's expressed game plan.

We all know who NMY is and what he is to us all.

Sime Darby must do without people who could be perceived as 'tainted' (even though they are not). Especially not after Bakun, QP and MOQ negligence and/or scandals. Sime Darby cannot move on being a Malaysian MNC with a steward at the helm being clouded with the 'dirty' hands of NMY's one-scheme-after-another.

Unlike Azhar who has to do it on commercial grounds and against market demands, Bakke have had the luxury managing plantation corporations which are GLCs and whenever org like these run into trouble, the latter can always depend on the Govt for back up. He has no relevant experience in managing industrials and motor corporations, let alone overseas commercial operations which include infrastructure privatisation projects in China.

What about team spirit and moral when Tun Musa bring in outsiders, against existing and a stream of loyal and productive senior managers within Sime Darby? The Sime Darby succession plan would be stunted immensely, when a near retired man appointed as the Group CEO.

Since Bakke took over the reigns of Tabung Haji, investment was the main focus and haj management a poor second cousin. The small depositors who saved little by little for purposes of haj, the real target group, had been sidelined. Today, TH had become a safe haven for the rich where individuals can invest millions of ringgit without having to pay any tax on profits, nor management fees. A gargantuan portion of the divident is paid to the rich investors (who hijack the system) compared to the small depositors.

Further, you can now instantly beat the queue for haj (15-year wait) by prefering the much more expensive haj packages which only the very rich can afford.

Do you know that the Finance GM of Tabung Haji, Adi Azuan, Ismee's bluest eye boy, is charging RM1k from every RM10mn that Tabung Haji deposited at any Islamic bank.

Out of Tabung Haji’s total funds of RM25 billion, >RM10 billion are in cash. Just imagine how much money this fucker is robbing per month. You can ask Bank Islam or Bank Rakyat, they should know about this. In fact, recently one of the Bank Rakyat branches in KL does not want to pay and Tabung Haji withdrew RM400 million from the bank. Even Bank Negara is aware about it, but no one dares to say anything.

rocky, i wonder what happen to zubir.. When the board announce bakke's appointment, shouldn't they also announce the termination of zubir. Seems to me that the fucker still on leave with pay till this year end!!

Yup...When somebody commented about Dato Bakkee who was also a college mate with Najib's wife, I wonder if Malaysians are going for another long ride with Sime Darby as a new broken ship. Let the world knows that Rosmah has milked Felda as though it is her mom's properties. Felda's loosing oversea ventures are not free from Rosmah's fancy ideas either. I bet Sime Darby through the new CEO will eventually become another cash donkey for Rosmah. One thing for sure, I will never trust anyone who sits on a donkey and pretends to smell good. I bet you it will stink to high heaven!

WTF...CEO Tabung Haji is a full time politician? What's going on with Malaysia? Sounds like Malaysia is really bankcrupt with qualified people to run a big org. like Tabung Haji. Aku ni pi jauh jauh di negara orang dan berkerja dengan one of the top financial group in the world pun pening bila fikirkan nasib Malaysia. Ape sudah jadi ni?

Even the number of Datuks in Sime Darby he wants to comment. What a shallow mentality. Yet he doesn't even recognize Rocky's Datoship. What a bloke.

Then he is cynical asking "Maybe being a Datuk is a prerequisite for making it big in a GLC?" What dumbfoundedness.

And Tan Sri Hassan Marican's appointment as an independent Director to SembCorp Industries he reads as a "possible brain drain to Singapore." What weird logic is that. Which tempurung has this katak been under.

I'm your nemesis, Singapore propaganda boy. I'll be following you and hitting at your stupidity whenever it shows.

bakke is one of those old school malays mentored by arwah raja azwa in island n peninsular together with azman yahya. these people went thru the threadmill and learnt the business bukan macam azhar and the rest of the khazanah investment banking boys with their get rich quick schemes and m&as!

Really, ah - that you wanna be a "Nemesis"? Better bone up on current affairs then, lest your ignorance be hung out to dry like a pair of dirty socks.

Yuck, yuck.

So, Hassan Marican being appointed an independent director of Sembcorp Industries wef June 16, 2010 struck a nerve, eh?

Sembcorp said that Hassan will bring to it's board "over 30 years experience in audit, accounting and management".

Strange that "30 years of experience" couldn't find takers in Malaysia (seeing as how Malaysia is awash in oil industry talent).

And with Sembcorp's parent, Temasek Holdings, looking to boost it's investments in the energy and resources sector, one would hazard a guess that Hassan may be heading for bigger opportunities across the Causeway.

Now, how about using the term "Pandora's Box"? I am assuming that your education in the classics is up to speed?

I believe what anon 2.10pm is trying to highlight is the fact that Tabung Haji is diverting away from its main objective, ie to allow Malaysian pilgrims to perform hajj. Nobody is asking for subsidy or donation, but the cost for hajj will be extremely affordable to everybody under Muasasah scheme if Tabung Haji can revisit its profit distribution policy that is currently give more preference to the investors and not much to the pilgrims. I believe some other commentator has mentioned about this matter earlier (please read comment by Rasputin Beliong).

Dato Rocky, is it true that Franki Anthony will replace Dato Azhar if he leave Sime Darby? I think Franki play his card well.. He really look after Tun Musa and i bet Tun secret is in his pocket.. His mission is to get rid of all high performance Malays in Sime Darby.. Habislah orang Melayu.. kaki kelentong dan kaki bodek dah mai dah...

very funny anon 9.26 pm - I cannot help laughing - ya I know this man, true, very true, but I thought he taubat already!!! Till death will he part! What is there clean up, sudah sapu bersih - billion sudah hilang LOL!

I am just concern with my small share in Sime Darby - what is going to happen next...I hope he keep being a God fearing man - well as I know a man tangan pegang tasbih - mata melilau melihat gadis gadis berlalu...

I will give this man the benefit of the doubt. I want to see how will he run Sime - change the name I hope - being smeared badly by Zubir & his cronies. Then he must plan to sack all the board of useless directors. Then again if it is true he has connection with RM - all is gone...no hope for Sime, I hope not! This nyonya besar lebih kuah sudu dari kuah lah! Apa nak jadi dengan Malaya?

Why not Azhar - he is the legacy of Zubir. Franki is another ass licker, he has to be shown the boots. Musa Hitam banyak rahsia kat Indon kot? That is how Franki got his way around.

Then again Malaya dah bankrupt pun, entah dah digadaikan oleh kerajaan!What I don't understand why I am being over busy body over this Sime business, I don't give a d#@mn pun - the same with Malaya or the human race in general, sorry mencelah because I am bored with 2010 World Cup.

pretentious or not, I was not criticizing you. I was merely highlighting about the character of Olek Skillgannon.

And about the late David Gemmell, he will be my hero, always - I know Olek's story quite well - I am David Gemmell's fan and I can vouch the late author know me too. Do you understand the character?

My copy of The Swords of Night and Day was autographed by the big man himself and that should be enough to say that I know what I read and further more I even read his book using another name - not a SF at all and not many people outside UK get the privilege Skilgannon. I own all his books.

The privilege me being a fan, me and the others, we study every characters he conjured, each books read and reread since 1993 - thank you for suggesting, but not necessary, you are talking to the hardcore Gemmellian!

I am an outsider, so what is the fuss?

darklord of the southern hemisphere (who is bored with the missunderstood post - must be my English, could write in Malay, do not know how)

The way I look at it, all GLCs have to be audited by either the Auditor General or by an Independent Audit Outfit.The audit reports should be open to the public. It is sad that GLCs which are supposed to be the financial arm of the country are not up to expectation. It appears to be free for all.I suggest that "SIME DARBY WATCH" be restored so that views can be heard.Just like in politics,those top guns should be sensitive to grouses,views,criticisms etc from grass roots. Feedback in whatever form is a management tool.

for a so called god fearing person why in the hell he associating himself with god not fearing people like ismee, rashidi omar(ex-MD Th Plantations Berhad), adi azuan(who the hell is this untouchable SOB), taher(kena buang from guthrie masuk felda) dan ramai lagi????? how can a so called no nonsense guy tolerate these kind of kaki pulun from TH and Felda? u ask yrself the answer...

p/s - if god promise to give pahal in the form of cash credits into accounts daily for those performs good deeds and amanah jobs and to non sinners...wonder it'll change the whole perspective? - i mean if based on exisiting landscape of material..nafsu etc..

This Bakke guy has a good repo but i really dont understand why we choose Ismee and gang to replace him. these ppls are 'daylight robber'. Once they kissed Rosmah's hand they felt that they are already safe.